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TSMC cuts capital spending by 10% in a warning for tech sector

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuable chip company. TSMC said it expects to spend about $36 billion in 2022 on capital equipment, down from at least $40 billion previously. The sharp reduction in expenditure — an important ...

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Equities rise, with eyes on US inflation data

  Bloomberg US equity index futures rise on Thursday, ahead of key US inflation data that could determine how much further the Federal Reserve’s policy-tightening cycle will run. Futures contracts on the S&P 500 were up 0.5% as of 5:55 am in New York, while those on the Nasdaq 100 gained 0.3%. The benchmark index had tumbled to its lowest ...

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Anxinsec committed to protecting the peace of digital world

Dubai / Gulf Time Anxinsec is participating in the Gitex Global 2022, the Middle East’s most influential exhibition, which runs until October 14. As a leading brand of memory security, Anxinsec presents its competitive product, memory detection and protection system (MDPS), and several scenario-based security solutions at the exhibition. “Gitex Global remains the world’s largest tech show with the most ...

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